Insight
Q4 2017 North America LNG projects update: Total buys into Cameron LNG
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Total's entry into Cameron LNG could provide impetus for a fourth train expansion. A final investment decision on Train 4 was close to being reached in 2016, but delayed due to lack of joint venture alignment. Cameron Train 4 and Corpus Christi Train 3 are the most advanced of the proposed US expansion projects. But momentum is also building around the mid-scale projects – Driftwood and Calcasieu Pass. In November, Driftwood released the terms of its EPC contract, providing a full breakdown of costs. And Calcasieu Pass recently concluded its second SPA and is close to completing its FERC review. The Gulf Coast is becoming a battleground between proposed conventional and modular LNG. With its 23% interest in Tellurian to add to its recent Engie acquisition, Total now has a stake in both.
Table of contents
- Recent developments
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Corporate moves
- Total acquires Engie LNG business for US$1.49 billion
- Pieridae completes merger with Petrolia
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Regulatory
- Calcasieu Pass advances with FERC Notice of Schedule
- Jordan Cove starts formal FERC review; faces entrenched local opposition
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EPC contract
- Tellurian signs EPC terms for Driftwood LNG
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Marketing
- Venture Global notched up its second sale and purchase agreement (SPA) at Calcasieu Pass
- Tellurian offers equity offtake
- Trump's Asia tour yields multiple MoUs
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Commissioning activities
- Sabine Pass Train 4 substantial completion, runs above nameplate
- Cove Point enters commissioning
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Projects under construction
- Delays to Cameron and Freeport
Tables and charts
This report includes the following images and tables:
- Driftwood LNG: EPC costs
- Project Activity
- Status of FERC applications
- US LNG terminal locations
- Status of Canada CEAA / BC EAO applications
- Timeline from FID to delivery (first LNG) by individual LNG train
What's included
This report contains:
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